Business & Economy

In south Lebanon, tourism develops despite threat of war

KHIAM, Lebanon (IPS) - The contours of a modern medieval castle stretch along the Wazzani River delineating Lebanon’s border with Israel. A few meters away from the United Nations-mandated Blue Line, on Lebanon’s first line of fire with Israel, a tourism project at an estimated cost of 20 million dollars is slowly taking shape. 

Tough times for Gaza travel agent

“Shurafa Tourist and Travel Company has been operating in Gaza since 1952,” Nabil Shurafa, general manager of the company, says proudly. This historical background is significant, as much for understanding the many and various forms of movement restrictions with which Shurafa Travel has had to deal during Gaza’s 43 year occupation as for providing a rationale for how and why Shurafa remains open under the current restrictions. 

Belgian-French bank cornered over Israeli settlement financing

BRUSSELS (IPS) - New evidence has been uncovered to show that Dexia, a major Belgian-French bank, is still financing Israeli settlements in the OPT despite official assurances that such loans have ceased. Jean-Luc Dehaene, a former Belgian prime minister and now Dexia’s chairman, announced last year that the bank had not approved any new loans to authorities located in Israeli settlements in the occupied West Bank since June 2008. 

Palestinian civil society slams OECD over Israel's accession

Palestinian civil society represented by the Boycott, Divestment and Sanctions National Committee, a wide coalition of the largest Palestinian mass organizations and trade unions, issued a strong condemnation of the Organization for Economic Cooperation and Development’s decision today to welcome Israel as a member of the organization at its ministerial meeting to take place on 27-28 May.